FV Bank launches new Virtual Account feature
09 July 2025 US
Image: AndreyPopov/stock.adobe.com
FV Bank, the US-licensed digital bank that offers traditional and digital asset banking and custody services, has announced the launch of its new Virtual Account feature, a move they say allows business clients to automate and streamline the attribution of incoming international payments with unique, dedicated account numbers.
With this feature, FV Bank customers can now pre-generate virtual account numbers for each of their clients or counterparties, enabling automation of incoming payment attribution.
According to FV Bank, this solution addresses a longstanding challenge faced by businesses that receive payments from large customer bases of its clients or counterparties where traditionally, matching incoming deposits to specific customers has been a time-consuming and error-prone process.
This Virtual Account structure also significantly improves FV Bank’s compliance controls through enhanced Know Your Customer’s Customer (KYCC).
Miles Paschini, CEO of FV Bank, says: “Our mission at FV Bank is to bring integrated accessibility and efficiency to modern banking. With the launch of Virtual Accounts, we are addressing a real pain point for our customers — automating the attribution of incoming funds and eliminating manual reconciliation, while materially improving our compliance capabilities.
“This feature empowers our clients to scale their operations with confidence, while maintaining the transparency and control they need in today’s fast-moving global economy.”
With this feature, FV Bank customers can now pre-generate virtual account numbers for each of their clients or counterparties, enabling automation of incoming payment attribution.
According to FV Bank, this solution addresses a longstanding challenge faced by businesses that receive payments from large customer bases of its clients or counterparties where traditionally, matching incoming deposits to specific customers has been a time-consuming and error-prone process.
This Virtual Account structure also significantly improves FV Bank’s compliance controls through enhanced Know Your Customer’s Customer (KYCC).
Miles Paschini, CEO of FV Bank, says: “Our mission at FV Bank is to bring integrated accessibility and efficiency to modern banking. With the launch of Virtual Accounts, we are addressing a real pain point for our customers — automating the attribution of incoming funds and eliminating manual reconciliation, while materially improving our compliance capabilities.
“This feature empowers our clients to scale their operations with confidence, while maintaining the transparency and control they need in today’s fast-moving global economy.”
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